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Economy, Law & Politics

Next U.S. ambassador Hoekstra 'easier to do business' with: former envoy

Next U.S. ambassador Hoekstra 'easier to do business' with: former envoy

OTTAWA — Foreign Affairs Minister Mélanie Joly welcomed president-elect Donald Trump's pick for the next U.S. ambassador in Ottawa, a former longtime Michigan congressional representative who voted for NAFTA and later wavered on new free trade deals.
WorkSafeBC fines Harrison Hot Springs resort $105,000

WorkSafeBC fines Harrison Hot Springs resort $105,000

WorkSafeBC says it found repeated safety code violations on the part of the resort and spa operators.
Mayor Ken Sim says abolition of elected park board will mean $70M in savings

Mayor Ken Sim says abolition of elected park board will mean $70M in savings

Park board chair: "This is a centralization of power that does not benefit the people in Vancouver."
Economists say temporary tax cut, relief cheques play into rosier growth picture

Economists say temporary tax cut, relief cheques play into rosier growth picture

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.
S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

S&P/TSX composite index gains more than 350 points, U.S. stock markets also rise

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow. The S&P/TSX composite index closed up 354.
Stock market today: Wall Street climbs as bitcoin bursts above $99,000

Stock market today: Wall Street climbs as bitcoin bursts above $99,000

NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.
Liberals plan to give $250 cheques to millions of Canadians, cut GST over holidays

Liberals plan to give $250 cheques to millions of Canadians, cut GST over holidays

OTTAWA — The Liberal government is planning to give Canadians a tax break over the holidays and hand out billions of dollars in a move that two opposition leaders characterized as a trick to buy votes from frustrated people struggling with the high c
B.C. Conservative leader names shadow cabinet, gives job to controversial member

B.C. Conservative leader names shadow cabinet, gives job to controversial member

VICTORIA — B.C. Conservative Leader John Rustad has assigned jobs to 41 of his 44-member caucus, including giving a critic's position to MLA Brent Chapman, who faced calls to step down during the campaign over controversial social media remarks.
Which items will be tax-free under the Liberals' promised GST/HST break?

Which items will be tax-free under the Liberals' promised GST/HST break?

The government on Thursday announced a sweeping promise to make groceries, children's clothing, Christmas trees, restaurant meals and more free from GST/HST between Dec. 14 and Feb. 15.
Bitcoin is at the doorstep of $100,000 as post-election rally rolls on

Bitcoin is at the doorstep of $100,000 as post-election rally rolls on

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of record after record highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.